Overall situation
According to customs statistics, the total import and export volume of agricultural products in China was 263.91 billion US dollars in the first 10 months of 2024, a year-on-year decrease of 3.9%. Among them, exports amounted to 82.66 billion US dollars, a year-on-year increase of 2.8%; Imports amounted to 181.25 billion US dollars, a year-on-year decrease of 6.7%; The trade deficit was 98.58 billion US dollars, a decrease of 13.5% compared to the same period last year.
In October, the total import and export volume of agricultural products in China was 25.23 billion US dollars, a year-on-year increase of 0.3%. Among them, exports amounted to 9.19 billion US dollars, a year-on-year increase of 10.9%; Imports amounted to 16.04 billion US dollars, a year-on-year decrease of 4.9%; The trade deficit was 6.85 billion US dollars, a decrease of 20.2% compared to the same period last year.
Key export agricultural products
Aquatic products: The cumulative export quantity was 3.317 million tons, a year-on-year increase of 11%, and the export amount was 16.1 billion US dollars, a year-on-year decrease of 1.3%.
Grain: The cumulative export quantity was 1.846 million tons, a year-on-year decrease of 9.1%, and the export amount was 1.18 billion US dollars, a year-on-year decrease of 13.3%.
Key imported agricultural products
Meat (including offal): The cumulative import quantity was 5.475 million tons, a year-on-year decrease of 12.5%, and the import amount was 19.07 billion US dollars, a year-on-year decrease of 18.7%.
Dried and fresh fruits and nuts: The cumulative import quantity was 6.766 million tons, a year-on-year increase of 1.3%, and the import amount was 16.28 billion US dollars, a year-on-year increase of 5.2%.
Grain: The cumulative import quantity was 137.831 million tons, a year-on-year increase of 7.4%, and the import amount was 60.22 billion US dollars, a year-on-year decrease of 9.7%. Among them, the cumulative import quantity of soybeans was 89.936 million tons, a year-on-year increase of 11.2%, and the import amount was 45.54 billion US dollars, a year-on-year decrease of 7.1%.
Edible vegetable oil: The cumulative import quantity was 5.963 million tons, a year-on-year decrease of 25.9%, and the import amount was 6.05 billion US dollars, a year-on-year decrease of 30.5%.
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